Discuz!X Blog

The top two firms, Mobike and Ofo, have picked orange and yellow for their respective wheels, making the China bike wars an exceptionally colorful one. Money from big investors have pushed company valuations to $1 billion each. But it remains unclear how either expects to make money off cheap bike rides costing a couple of cents.

BOAO, China — China sought to expand its influence and clout over a four-day conference this week as it promised world and business leaders that it will keep its doors open even as the world's second-largest economy undertakes its own market and financial reform.